woolworths holdings limited

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(No Transcript)
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woolworths holdings limited
agenda

• Group results
• Woolworths Holdings Limited
• Woolworths Operating Group
• Country Road Limited
• Clothing and home
• Foods
• Financial services
• Franchise and international
• Country Road Limited
• Woolworths Holdings Limited
• Strategy
• The future

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woolworths holdings limited
highlights

• Revenue up 10.5
• Operating profit up 22.3
• Net profit before tax and exceptional items up
  18.5
• Headline earnings per share up 20.0
• Cash distribution up 23.8
• ROE of 27.2 (2003 25.1)

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woolworths holdings limited
trading environment

• Strong rand
• impact on exports
• impact on competitive position
• Food market buoyant
• Rapidly declining usury rate
• Australia
• tough trading conditions
• lost market share

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woolworths operations
highlights

• Sales up 13.7
• Operating profit up 23.2
• Clothing
• Good performance in womenswear, footwear,
  lingerie and accessories
• Homeware is turning
• Foods continues to grow market share
• Roll out of food micro stores
• Financial services achieved growth in all
  products
• Increased contribution
• Profitability improved by good expense control

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country road limited
highlights

• Sales below expectation
• Profit before tax A0,6m (operating profit A1,0m
  (2002 A1,6m))
• Further sustainable cost reductions
• More retail focussed business
• Benefiting from improved supply chain process
• Improved design brief

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woolworths holdings results
income statement
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woolworths holdings results
PBTAE, HEPS and DPS as at dec 2003
HEPS (cents)
40,2

DPS (cents)

R360,0m
R376,6m
R433,7m
R640,7m
R800,6m
distribution from share premium
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woolworths holdings results
balance sheet
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woolworths holdings results
cash flow
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woolworths holdings results
cash flow (cont.)
capex R236m
growth in woolworths financial services assets
R314m
IT R90m (38)
Retail development R140m (59)
Visa card R26m (8)
Personal loans R47m (15)
Other R6m (3)
WW card R241m (77)
capex R236m capex cash flow R253m
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woolworths holdings results
return on equity / wacc
19.0
16.0
17.0
13.0
12.7
11.6
12.9
18.3
23.7
27.2
Jun 2000
Jun 2002
Jun 2003
Jun 2001
Dec 2003
Annualised (not projected)
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woolworths operations results
income statement
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woolworths operations
performance
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country road limited results
income statement
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country road limited results
balance sheet